Under fire from all quarters for its inability to tackle the problem of black money, the government plans to focus on the real estate and gold and Jewellery sectors to stanch the movement of unaccounted funds. The proposed white paper on black money, to be tabled in Parliament’s current session, is likely to propose a debate on “offshore voluntary compliance” for tax evaders with large sums stashed abroad, officials involved in...
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Govt mulls new norms, tax sops to revive SEZ boom-Siddharth
NEW DELHI: It could be a second innings for special economic zones, especially those held up for years, with the commerce department proposing fresh tax concessions and a cut in the minimum area requirement to a quarter of the present specifications. The department has suggested that any zone that is not built around the identified 40 million-plus cities and state capitals would be eligible for duty benefits on capital investment for...
More »Inside Slave City-Debarshi Dasgupta, Dola Mitra, Pushpa Iyengar, Madhavi Tata, Chandrani Banerjee & Amba Batra Bakshi
What is it that makes the Indian middle class treat their domestic help with such derision and abuse? In her nine years as a nurse working with rescued domestic workers in Delhi, Mariamma K. thought she had seen the worst. That was until 2010, when she and her colleagues went to rescue a 17-year-old girl from a home in west Delhi. Sangeeta was found with bite marks all over her body....
More »The ‘corruption’ of the wretched
-Live Mint No other social sector programme has been criticized for being successful as has the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). So much so that it is not the inefficiency of the MGNREGS that is a problem, but its success that is seen as the reason for several problems facing the country. Even though it is still a small programme with annual spending of less than Rs.35,000 crore,...
More »Bengal govt sniffs scam
-The Telegraph The state food and civil supplies department has during an internal audit detected a Rs 35-crore “scam” involving advance paid to 17 companies by the West Bengal Essential Commodities Supply Corporation Limited. State food and civil supplies minister Jyotipriya Mullick today handed over the audit report for the 2004-05 accounts to chief minister Mamata Banerjee. “An internal audit carried out by the department has revealed that Rs 35.86 crore was paid...
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